Claims and subrogation
Francis Ewherido
June 5, 2018
FOUR WEEKS AGO, we looked at the steps to follow in the event of an incident leading to a claim. Today, we are going to look at a practical case on claims procedure and one of the principles of insurance, subrogation. A client called me on Wednesday evening. A careless lorry driver hit his jeep from […]
The new impetus on financing modular refineries in Niger Delta
CHIJIOKE NWAOZUZUJune 5, 2018
A publication on the 22nd February 2018 by SweetCrude Reports, Abuja, stated that the Federal Government of Nigeria has initiated talks with potential financiers to contribute finance to investors in modular refineries in the Niger Delta region. Such financiers include Central Bank of Nigeria (CBN), International Finance Corporation (IFC), the Nigerian Sovereign Investment Authority (NSIA), the […]
Unlocking the potential of African youth (2)
Olukayode OyeleyeJune 5, 2018
RECOGNITION OF THE STRATEGIC relevance of the youthful population in any nation, economy or continent is essential. This needs to elicit appropriate policy responses to make them relevant, useful, productive and hopeful. Denial of such responses has culminated in untoward consequences in many cases in contemporary times. Although the level and nature of grievances often differ, when […]
Beware OPEC member states! Use of fossil fuels threatened
CHIJIOKE NWAOZUZUMay 28, 2018
Most OPEC member states have annual budgets that are still based on revenues from crude oil exports. The evolution of the global energy sector provides opportunities as well as challenges for countries whose economies are largely dependent on fossil fuels revenue. Monoproduct economies are exposed to the fluctuations in the prices of these fuels in […]
Fidelity Guarantee insurance for individuals
Francis EwheridoMay 28, 2018
Fidelity Guarantee insurance is an insurance policy designed to protect the policyholder against the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment discovered during the currency of the insurance or termination of employment of the employee, whichever shall […]
Unlocking the potential of African youth
Olukayode OyeleyeMay 28, 2018
Africa sits on a time bomb, waiting to explode for good or for ill. With a population estimated at 1,287,920,518 in 2018, a population density of 42.51, a growth rate of 2.52 percent and projected to rise to 1,703,537,504, a population density of 56.22 and a growth rate of 2.23 percent, by 2030, the continent […]
Could cassava be Africa’s key to food security and economic take-off? (2)
Olukayode OyeleyeMay 23, 2018
Africa earns the reputation of producing more cassava than any other crop. FAO figures, in 2011, revealed that the continent produced 140 million metric tonnes, compared to 65 million tonnes of maize. Easy to grow in poor soils, with few inputs, it has long been an important and cheap source of food. According to Dr. […]
GIT: Which is better, spend N90,000 or lose N2m?
Francis EwheridoMay 21, 2018
On a daily basis, at least one articulated vehicle carrying goods veers off the road, overturns, falls off the road, catches fire or is involved in one form of road mishap or the other on the Sagamu to Onitsha head bridge road. These accidents are not peculiar to this road; they are also common on […]
Could cassava be Africa’s key to food security, economic take-off? (1)
Olukayode OyeleyeMay 14, 2018
The centre of gravity of food security may indeed be shifting from the global north to the global south. In this tectonic shift, Africa ranks top as the destination and theatre of action. Emerging findings point in this direction, which could be corroborated by the events in the aftermath of the global food crises about […]
The insurance world
Francis EwheridoMay 14, 2018
In my interactions, I have found out that the average Nigerian, including very educated people, have a shallow understanding of how the insurance industry is organized. There are many insurance professionals and entities operating within the insurance space. We have the insurance companies, reinsurance companies, insurance brokers, actuaries, loss adjusters and insurance agents. Of course, […]